The closure of the business will see about 60 staff made redundant.
The business’ staff are expected to be approached with redundancies in the coming weeks, with 60 likely to be affected.
Nido failied to gain a foothold in the New Zealand market during a particularly difficult year.
Furniture retailer Nido says the store's whole range will be made available when they unveil Stage 2.
New retailer expected to open massive furniture by December.